Manual of Political Economy |
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Page ix
... natural resources can be classed as wealth - Fallacies now known as the Mercantile System explained .PAGES 3-9 CHAPTER II . The Requisites of Production . The production of wealth has three requisites : land , labour , and capital ...
... natural resources can be classed as wealth - Fallacies now known as the Mercantile System explained .PAGES 3-9 CHAPTER II . The Requisites of Production . The production of wealth has three requisites : land , labour , and capital ...
Page xiv
... natural rate of profit - The profits realised in each trade constantly approxi- mate to the natural rate - The causes which determine the general average rate of profit - In what sense Ricardo's proposition is true , that the rate of ...
... natural rate of profit - The profits realised in each trade constantly approxi- mate to the natural rate - The causes which determine the general average rate of profit - In what sense Ricardo's proposition is true , that the rate of ...
Page xix
... natural price , when its price is such as to equalise the supply to the demand - The natural price denotes a position of equili- brium - A parallel drawn between this position and the elliptic planetary orbits - An increase or decrease ...
... natural price , when its price is such as to equalise the supply to the demand - The natural price denotes a position of equili- brium - A parallel drawn between this position and the elliptic planetary orbits - An increase or decrease ...
Page xxx
... natural monopoly which they possess may be artificially increased by pro- tection - Protective duties cannot , in the long run , increase the profits of any class of traders , because the competition of capital equalises profits in ...
... natural monopoly which they possess may be artificially increased by pro- tection - Protective duties cannot , in the long run , increase the profits of any class of traders , because the competition of capital equalises profits in ...
Page 7
... natural resources which now so materially contribute not only to form but to sustain her present wealth . The richest seams of coal were unworked , but in those remote times her population was in a condition in which they could have no ...
... natural resources which now so materially contribute not only to form but to sustain her present wealth . The richest seams of coal were unworked , but in those remote times her population was in a condition in which they could have no ...
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Common terms and phrases
Adam Smith advantages agricultural produce American civil war annually Australia bank notes Bank of England bills bills of exchange BOOK cause cent chapter circulating capital circulation circumstances classes coal commodities consequently considerable cooperative cotton creased Crown 8vo cultivation demand depreciation diminished duction Edition effect employed employers England English exchange exerted export farm farmer fcap foreign France greater important improvements income income-tax increased India individual influence instance invested iron labour and capital land landlord laws less levied loan machinery manufactured ment metayer nation obtained paid particular pauperism peasant political economy population portion possess precious metals principle production of wealth proprietors purchase quantity rate of interest rate of profit realised regard remarked remuneration rent revenue rise sacks of wheat saved silver society sumer supply supposed taxation tenant tion trade value of gold wage-fund wages workmen
Popular passages
Page 519 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 519 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 520 - Thirdly, by the forfeitures and other penalties which those unfortunate individuals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have received from the employment of their capitals.
Page 182 - Give a man the secure possession of a bleak rock, and he will turn it into a garden ; give him a nine years lease of a garden, and he will convert it into a desert.
Page 551 - Every tax ought to be levied at the time, or in the manner in which it is most likely to be convenient for the contributor to pay it.